CVP - West End Veterinary Office - Newburgh, NY
CVP - West End Veterinary Office
- Price: $560,291
- Cap Rate: 8.67%
- Years Remaining: 3+
- Rentable Area: 2,700 SF
Investment Highlights
- Sales Price: $560,291
- Cap Rate: 8.67%
- Years Remaining: 3+
- Lot Size: 0.21 Acres
- Market: Newburgh, New York
Contact Broker
Brian Wine
Description
The Wine Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, West End Veterinary Office investment property located in Newburgh, New York. The Tenant, Community Veterinary Partners, has 3 years remaining in their initial term with 3 (three) 5-year options to extend. The lease features annual increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Community Veterinary Partners has a collective of over 3,000 unique veterinary care providers dedicated to bringing joy to families through their unwavering care for beloved pets.
Location
West End Veterinary Office is strategically located on Fullerton Avenue. The site benefits from superior visibility via significant street frontage and a monument sign situated along Fullerton Avenue. It shares this busy Newburgh area with businesses like Mc Donalds, Subway, Shell, Gulf, AutoZone. The location benefits from the frequent street traffic of Fullerton Avenue, which sees 4,445 vehicles daily. The 5-mile trade area is supported by a population of 110,539 and 37,860 daytime employees with an average household income of $122,690.
